You don’t need to be an accountant to know when your business finances aren’t under control - but it’s not always as simple to pinpoint where the problem lies. Our Business Financial Health Check is a quick and easy way to identify the financial strengths of your business, and the elements which need greater attention.
This is based on our “5 Pillars of Good Business Finances” structured approach to help you identify your organisation’s financial strengths and weaknesses. It’s just 10 questions - so it’s fast. And free. It won’t cost you anything to try out our Business Financial Health Check Tool and to provide you with useful insights about the performance of your business.
Business Financial Health Check for Your Business
You probably didn’t start your business because you had a passion for filling in spreadsheets or recording your bookkeeping transactions (unless of course you are accountant or bookkeeper!).
It’s likely that your talents lie in what your business sells, produces or delivers. Like most businesses that means there could be gaps or weaknesses in your finances. You may not even realise it just yet, but perhaps you don’t feel entirely confident that your business finances are as robust as they could be?
If this sounds familiar, our Health Check is what you need. Just 10 questions long, it covers the full breadth of your business to quickly identify if there are any shortfalls or ways to shore up your finances.
Completing the Business Financial Health Check will give you a quick indicator of the overall strengths of your business – provided you answer honestly!
How the Business Financial Health Check Works
Answer the questions below to complete your free Business Financial Health Check and then click on “Calculate” to see your results right away. No need to provide us with your email address, just see the results yourself.
If you would like us to complete a more in depth Health Check based on the more detailed “5 Pillars of Good Business Finances”, then contact us here and we would be glad to help.
Our business has a cloud-based bookkeeping system that we fully utilise
Our business financial records, including annual accounts and tax returns, are always kept up to date
We have an accountant who is proactive and always available whenever we need him/her to help us with any business finance related issues
Our cashflow is very positive with great payment terms agreed with all key suppliers and customers
We have a clear written pricing strategy in place for our business, which we review at least annually
Our funding is well structured and external finance is generally available whenever we need it
Our banking arrangements are solidly in place and we have a clear model for all our banking transactions and fees
Our board reviews regular financial information about our business (Sales/Profit/Cash etc.) to help us make better, more informed decisions
Our business has clear objectives over the next 1- 3 years and we have a written plan with targets on how we will achieve these
We generally feel fully in control of our business and we rarely need to seek external support to help us make sound decisions in our business
The above questions can help to steer you towards areas of your business which require attention. Did you find this tool helpful? If so, you might be interested in our more detailed Business Health Check that focuses on the 5 Pillars of Good Business Finance and how they apply to your business.